Walker Mill Centre
Factual Data: 40,000 sq.ft.; 3,000 sq.ft. fast food pad, developed by Addison Retail, LLC including Ernest Marcus as co-managing member.
- Acquisition financing remaining
- Turnaround retail project with extensive bad debt, vacancies, crime, poor tenant mix
- Active engagement with tenants to improve joint marketing
- Extensive negotiation with tenants who were delinquent to relocate or negotiate new terms.
- Re-tenanting effort including installation of national tenants and medical clinic. Case-by-case strategies ongoing to optimize center’s operations.
- Intensive management of physical plant to improve appearance